Cryptocurrency derivatives exchange Bybit is set to exit the UK market as it does not plan to register with the UK’s Financial Conduct Authority (FCA) due to concerns over regulatory compliance standards and the costs of meeting requirements. The FCA’s new regulations require all digital asset firms operating in the UK to register with the regulator. Bybit cited uncertainties over future requirements as another factor in its decision to exit the market. The move could affect thousands of UK users who trade on the platform.
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